Bitmine Continues to Load Up on Ethereum, Now Owns 4.9% of all ETH in Circulation. Is BMNR Stock a Buy?

Key Points Bitmine is chaired by the prolific market strategist, Tom Lee. Lee is bullish on Ethereum because most stablecoin transactions occur on the network. When evaluating crypto-treasury companies, investors should compare the value of the company's cryptocurrencies to its market cap. 10 stocks we like better than Bitmine Immersion Technologies › Bitmine Immersion Technologies (NYSE:BMNR) now owns nearly 5% of all outstanding Ethereum . The company purchased 17,362 Ethereum tokens last week. It now holds over 6 million Ethereum tokens, collectively worth nearly $16.3 billion at Ethereum's current price of roughly $2,716 per token, as of this writing. Missed Nvidia in 2009? This Rare Signal Is Flashing Again.